UK releases plan to ‘lead the world’ on growth with carbon cuts

12 October 2017 – Promising billions of pounds worth of investment in offshore wind power, electric vehicles and technology innovation funds, the UK government set a bullish tone for low-carbon industries. In line with a previously announced deadline to phase out traditional car sales by 2040, government announced £80 million ($105m) for electric vehicle charging infrastructure and £1 billion ($1.3bn) in subsidies for EV buyers, while there will be £557 million for renewables developers competing in auctions, and £94 million for R&D of clean technology in various sectors. The government predicts the low carbon economy, which employs an estimated 430,000 Brits, will grow 11% a year from 2015 to 2030, while critics want to see increased ambition. Read the full article on the Climate Change News website.